DD Support Board and Research Team

[1manband]

Also, for the most part, these financings (keeping in mind our stipulation up above) arent usually to move the company forward in execution of their b-plan. The capital is really a survival mechanism to remain in business which is usually accompanied by additional multiple rounds for the same purposes

Survive for what reason (besides to enrich insiders, of course)? If a company's only financing available is toxic death spiral convertibles, they are already doomed. There is no legitimate economic reason to continue. Which is why every company that issues toxic death spirals dies in the end. It is already over before it has begun.